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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: BI*RI who wrote (6067)	4/29/1999 9:00:00 PM
From: JessiDani	Read Replies (2) \| Respond to of 17183

If you look at a long term chart, plotted either weekly or daily you will see that EMC undergoes fairly steep corrections from time to time and then bases before hitting and sustaining new highs. I wouldn't be suprised to see it touch 90 again and then rise from there. I wouldn't be happy, but I make more money holding good companies than trading in and out of good companies. EMC is a good company. When I believe that it is no longer a good company, then I will sell. Of course, my average cost is way below present value, so I can hold through all these corrections. But, what this company has got is the technology for the future -- storage. Everything will be on massive storage systems, everything. The internet content will be like electricity, just turn on a switch and it's there for you. Where will all that content reside and be accessed from? EMC products. If EMC loses its ability to execute its business plans, then I will sell. But for now, this stock and company remains my largest holding and my surest investment. The other thing -- EMC is completely misunderstood. It is called a disk drive maker, a memory device maker, an internet derivative play, etc. I believe nearly every company in the S&P 500 is an EMC client. Insurance companies, corporate giants, airlines, etc. Everytime you call customer service and your account is accessed, EMC product is in use. That is the power of EMC. The thing that is still bullish is that many techies still don't even know about EMC, let alone many investors.